South Korea Mobile Mapping Market Size & Outlook
South Korea mobile mapping market, 2017-2030 (US$M)
Related Markets
South Korea mobile mapping market highlights
- The South Korea mobile mapping market generated a revenue of USD 946.5 million in 2023 and is expected to reach USD 2,924.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Mobile mapping market data book summary
| Market revenue in 2023 | USD 946.5 million |
| Market revenue in 2030 | USD 2,924.3 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Trimble Inc, Alphabet Inc Class A, Hexagon AB ADR, Topcon Corp, Teledyne Technologies Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.0% of the global mobile mapping market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mobile mapping market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,630.0 million by 2030.
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Mobile Mapping Market Scope
Mobile Mapping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea mobile mapping market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile mapping market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 54.58% in 2023. Horizon Databook has segmented the South Korea mobile mapping market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
The South Korean mobile mapping market is at the forefront of innovation and technology adoption. Mobile mapping apps are becoming a necessary part of everyday life in South Korea, where the smartphone penetration rate is the highest in the world.
South Korea's highly crowded urban centers make mobile mapping applications critical for location-based services, real-time traffic analysis, and navigation, to guarantee precise and efficient travel.
The demand for mobile mapping services is also growing in the wake of the continued development of driverless cars and intelligent transportation systems, given South Korea's thriving automotive and transportation industries.
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Target buyers of South Korea mobile mapping market databook
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Our clientele includes a mix of mobile mapping market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mobile mapping market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mobile mapping market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mobile mapping market size, by component, 2017-2030 (US$M)
South Korea Mobile Mapping Market Outlook Share, 2023 & 2030 (US$M)
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